What’s Ahead for Chatham Lodging Trust (CLDT) After Achieving 52-Week High?

October 12, 2017 - By wolcottdaily

Investors sentiment increased to 1.63 in Q2 2017. Its up 0.35, from 1.28 in 2017Q1. It is positive, as 19 investors sold Chatham Lodging Trust shares while 30 reduced holdings. 32 funds opened positions while 48 raised stakes. 31.94 million shares or 2.06% more from 31.29 million shares in 2017Q1 were reported.
Seabridge Inv Advsr Limited Company has invested 0.01% in Chatham Lodging Trust (NYSE:CLDT). Martingale Asset Mgmt Limited Partnership holds 0% or 12,700 shares. Macquarie Ltd has 9,500 shares for 0% of their portfolio. Tiaa Cref Invest Ltd Liability Corp reported 171,241 shares or 0% of all its holdings. The New York-based American Intll has invested 0% in Chatham Lodging Trust (NYSE:CLDT). Deutsche Savings Bank Ag owns 107,102 shares for 0% of their portfolio. 56,482 are owned by Comerica Bank & Trust. California State Teachers Retirement holds 67,001 shares or 0% of its portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Management Corporation has invested 0.03% in Chatham Lodging Trust (NYSE:CLDT). State Of Alaska Department Of Revenue holds 7,520 shares or 0.01% of its portfolio. Focused Wealth Mgmt Inc invested 0% of its portfolio in Chatham Lodging Trust (NYSE:CLDT). Dupont Cap Management holds 0.05% or 100,484 shares in its portfolio. Strs Ohio owns 59,454 shares for 0.01% of their portfolio. State Of Tennessee Treasury Department invested 0% of its portfolio in Chatham Lodging Trust (NYSE:CLDT). State Board Of Administration Of Florida Retirement Sys invested in 0% or 38,775 shares.

The stock of Chatham Lodging Trust (NYSE:CLDT) hit a new 52-week high and has $23.52 target or 7.00 % above today’s $21.98 share price. The 7 months bullish chart indicates low risk for the $858.85 million company. The 1-year high was reported on Oct, 12 by Barchart.com. If the $23.52 price target is reached, the company will be worth $60.12M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 51,369 shares traded. Chatham Lodging Trust (NYSE:CLDT) has declined 7.78% since October 12, 2016 and is downtrending. It has underperformed by 24.48% the S&P500.

Analysts expect Chatham Lodging Trust (NYSE:CLDT) to report $0.67 EPS on November, 2.They anticipate $0.04 EPS change or 5.63 % from last quarter’s $0.71 EPS. CLDT’s profit would be $26.18 million giving it 8.20 P/E if the $0.67 EPS is correct. After having $0.65 EPS previously, Chatham Lodging Trust’s analysts see 3.08 % EPS growth.

Chatham Lodging Trust (NYSE:CLDT) Ratings Coverage

Among 8 analysts covering Chatham Lodging (NYSE:CLDT), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Chatham Lodging had 20 analyst reports since August 11, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Hold” rating in Monday, July 17 report. The firm has “Mkt Perform” rating given on Tuesday, October 11 by FBR Capital. The company was maintained on Tuesday, August 11 by JMP Securities. On Friday, January 8 the stock rating was initiated by BB&T Capital with “Buy”. The firm earned “Market Perform” rating on Thursday, August 4 by FBR Capital. The stock has “Market Outperform” rating by JMP Securities on Monday, August 28. FBR Capital initiated Chatham Lodging Trust (NYSE:CLDT) rating on Friday, November 20. FBR Capital has “Outperform” rating and $27.0 target. The rating was downgraded by Cantor Fitzgerald to “Hold” on Wednesday, October 12. Stifel Nicolaus reinitiated the stock with “Hold” rating in Tuesday, March 29 report. FBR Capital maintained the shares of CLDT in report on Monday, November 7 with “Mkt Perform” rating.

More notable recent Chatham Lodging Trust (NYSE:CLDT) news were published by: Seekingalpha.com which released: “Chatham Lodging Will Pay You Towering Rent To Move In With It” on January 24, 2017, also Nasdaq.com with their article: “Chatham Lodging Trust (REIT) (CLDT) Ex-Dividend Date Scheduled for September …” published on September 27, 2017, Seekingalpha.com published: “Chatham Lodging’s (CLDT) CEO Jeff Fisher on Q2 2017 Results – Earnings Call …” on August 02, 2017. More interesting news about Chatham Lodging Trust (NYSE:CLDT) were released by: Seekingalpha.com and their article: “Chatham Lodging Trust: A Dividend Stalwart” published on March 01, 2017 as well as Nasdaq.com‘s news article titled: “Chatham Lodging Trust (REIT) (CLDT) Ex-Dividend Date Scheduled for August 29, 2017” with publication date: August 28, 2017.

Chatham Lodging Trust is a real estate investment trust. The company has market cap of $858.85 million. The Firm invests primarily in upscale extended-stay and premium-branded select-service hotels. It has a 33.44 P/E ratio. All of the Company’s assets are held by, and all of its activities are conducted through Chatham Lodging, L.P. .

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